jes the graceis period after singing a lease in the state of AZ
The lessee can return the equipment at the end of the lease period if it is no longer needed
No. Generally there is either a lease or a tenancy at will, which is a month-to-month tenancy. If you have a lease for a period of time and that period is up, the rental agreement automatically converts to a month-to-month agreement, unless you have an agreement on a new lease period.
An ACMI lease is another term for a wet lease, the leasing of an aviation crew for a short period of time.
A Lease
8 Days
A lease is kind of like a rental for a long period of time. You make a down-payment for the car that you would like (in this case, the Toyota Matrix) and then make monthly payments for a period of time (1,3, 5 years) and then return the car to the dealership after that period of time or buy out the lease.
An operating lease does not transfer the risks and rewards to you (lessee) at the end of the lease period where a finance lease does. So in affect the operating lease can be thought of as renting the asset while a finance lease can be seen as a finance option to own the asset.
The lease can be canceled anytime after 50% of the lease term, if the financial obligations have been met up to that point. If the lease is terminated prior to the end of the contract period, the lessor can't charge for excise mileage.
A freehold lease may refer to the lease of land that belongs to another person. Your question is confusing because a freehold estate is the right to the use and possession of land for an indefinite period and a leasehold estate is a lease of land that belongs to another.
An operational lease is a type of lease in which the contract period is less than the actual life span of the leased equipment, and the lessor pays all serving and maintenance cost. There is no transfer of ownership.
If there is no written lease, then you have a month-to-month tenancy at will, and the notice required - from either side - is one full rental period.